Reference no: EM132313222

The European Economy Assignment Questions -

Question 1 - What was one of the main objectives of the Common Agricultural Policy?

a. All answers are correct

b. Increase agricultural productivity

c. Decrease inequality between urban and rural areas in Europe

d. Stabilize agricultural markets

Question 2 - What was one of the main consequences of the first introduction of the CAP for agricultural world markets?

a. European prices were well below global prices

b. The budgetary cost of the CAP declined

c. A decline in agricultural prices

d. An increase in agricultural prices

Question 3 - What is the domino effect applied to European integration?

a. The pressure to decrease trade barriers between EFTA and EEC

b. The pressure for EEC members to join EFTA

c. None of the answers is correct

d. The pressure for EFTA members to join the EEC

Question 4 - What does the Lisbon Treaty imply for the organization of the EU?

a. Full intergovernmental power to the EU

b. A higher degree of supranational decisions

c. Full supranational power to the EU

d. A higher degree of intergovernmental decisions

Question 5 - Which of the following is not one of the Treaty of Rome objectives?

a. The creation of a common currency

b. The creation of a common customs tariff

c. The creation of a common agricultural policy

d. The abolition of obstacles to freedom of movement for capital

Question 6 - During 1970's the EU saw a period of stagnation regarding its integration process. One of the main causes was...

a. All answers are correct

b. Failure of monetary integration

c. Increase of technical barriers to trade

d. Unanimity rather than majority rule in the decision process

Question 7 - The Maastricht Treaty implied a profound deepening of the European integration. Which of the following is not one of the key factors of it?

a. Increased cooperation in immigration policies

b. Strengthened Commission's power over EU legislation

c. Creation of EU citizenship

d. Creation of common currency

Question 8 - Who is the current President of the European Commission?

a. Jean-Claude Juncker

b. Martin Selmayr

c. Jose Manuel Durao Barroso

d. Antonio Tajani

Question 9 - The Member States of the European Union...

a. differ in population size but are very similar in income per capita

b. are very similar in both population size and income per capita

c. differ in income per capita but are very similar in population size

d. are very different in terms of income per capita and population

Question 10 - Between the mid 1980s and the end of the 1990s:

a. EU per capita incomes at the national level converged, but per capita incomes at the sub-national levels diverged.

b. EU per capita income distribution did not change much.

c. EU per capita incomes at the national level diverged, but the per capita incomes at the sub-national levels converged.

d. EU per capita incomes at the national level diverged.

Question 11 - Over the period 2007-2013, almost ____ of the total cohesion funds were spent on the first objective "Convergence".

a. 80%

b. 20%

c. 40%

d. 60%

Question 12 - Becker et al. found a positive effect of cohesion funds on growth. Is the effect evenly distributed across regions?

a. No, only regions above the 75% threshold saw a positive impact of cohesion funds on growth

b. Yes, all regions saw a positive impact of cohesion funds on growth

c. Yes, all regions below 75% threshold saw a positive impact of cohesion funds on growth

d. No, regions with a higher than average level of human capital benefited more from the cohesion funds

Question 13 - The two biggest items in the EU budget are:

a. administration and research.

b. foreign policy and CAP

c. CAP and cohesion spending.

d. foreign policy and cohesion spending.

Question 14 - Which of the following are not sources of the financing of EU's budget:

a. Tax on financial transactions

b. Share of Common External Tariff

c. Share of agricultural levies

d. Share of VAT income

Question 15 - The 'Convergence Criteria' for joining the monetary union included...

a. the country must have taken part in the ERM for at least two years without having had to devalue its currency, its public debt should not exceed 60 per cent of its GDP or be moving in that direction, and its government deficit should be less than 3 per cent.

b. the country must have taken part in the ERM for at least two years without having had to devalue its currency, its public debt should not be below 60 per cent of its GDP or be moving in that direction, and its government deficit should be less than 3 per cent.

c. the country must have taken part in the ERM for at least two years, its public debt should not exceed 60 per cent of its GDP or be moving in that direction, and its government deficit should be less than 3 per cent.

d. the country must have taken part in the ERM for at least two years without having had to devalue its currency, its public debt should not exceed 30 per cent of its GDP or be moving in that direction, and its government deficit should be less than 6 per cent.

Question 16 - What is the implication of the convergence criteria for economic growth?

a. Real GDP growth is around 3% and Nominal GDP growth is 5%

b. Real GDP growth is 5% and Nominal GDP growth is 3%

c. Real GDP growth is around 5% and Nominal GDP growth is 5%

d. Real GDP growth is 3% and Nominal GDP growth is around 3%

Question 17 - The Copenhagen criteria:

a. None of the answers is correct

b. define new voting rules to be implemented after the membership of CEECs in 2004

c. define the main steps of the elaboration of the Constitutional Treaty

d. are the rules that define whether CEECs are elegible to join the Euro zone

Question 18 - What were the main beliefs about the causes of WWII?

a. Germany was to blame, Capitalism was to blame and Nationalism was to blame

b. France was to blame, Capitalism was to blame, Natinalism was to blame

c. France was to blame, Communism was to blame, Nationalism was to blame

d. Germany was to blame, Communism was to blame, Nationalism was to blame

Question 19 - What did the Morgenthau Plan propose?

a. Divide Germany in different sectors

b. Convert Germany to communism

c. Demilitarise Germany to prevent another war

d. Integrate Germany in a European project

Question 20 - The following institutions represent the intergovernmental view of Europe

a. Council of Europe and OEEC

b. Court of Human Rights and EEC

c. ECSC and EFTA

d. OEEC and ECSC